In 2018, the Government of India increased its renewable energy target to 227 GW by 2022. This ambitious goal provides a huge opportunity for investors and the corporate sector to play an important role in the growth of renewables in India.
Ahead of the COP21 climate negotiations in December 2015, India submitted its Intended Nationally Determined Contribution (INDC) to the UNFCCC, setting out further ambition to tackle climate change. The Government of India pledged to reduce carbon emissions relative to GDP by 33-35% from 2005 levels by 2030, and committed to source 40% of the country’s electricity from non-fossil fuel-based sources by 2030.
RE100’s first report focused on India provides an outline of the renewables landscape in India, with a focus on the action being taken by businesses there.
For more information about RE100 in India contact Atul Mudaliar, The Climate Group.